Nasdaq has completed a long term ABC wave count as shown in the chart below. What this means is a minimum correction of the whole rise from last years covid lows for atleast 40 percent of the rise.
Nasdaq has been falling from the high so marked. However on monday foresee a big pull back rally as clearly marked.
How far up this pull back rally can go.
It can even go upto the previous high but most likely should fizzle out at 40-60 percent of the fall.
